A steady increase in median property prices over a five-year period in the suburb translates to a 35.62% capital gain.
Property investors in BURWOOD EAST enjoyed capital gains of 1.4% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,108,000.
Profits due to an upward trend in home prices there averaged 11.87% per annum over a 3-year period.
Home owners selling their properties and realtors in BURWOOD EAST usually have to wait an average of 62.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $460 mark, reflecting a 2.16% increase in returns based on the current median price in BURWOOD EAST.
BURWOOD EAST, 3151 places 574th in Australia based on median property value growth during the quarter.
Property investors in BURWOOD EAST enjoyed capital gains of 12.18% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BURWOOD EAST are low, as opposed to average gains per annum over the past five years.
BURWOOD EAST posted a 47.58% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
Real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $430 mark, reflecting a 3% increase in returns based on the current median price in BURWOOD EAST.
BURWOOD EAST, 3151 ranks 137th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
BURWOOD EAST ranks 332nd on the list of best yielding suburbs for rental properties in VIC, posting a 3% return.
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